USD/JPY – 30M – BUY

The combination US Dollar/Japanese Yen (USD/JPY) breaks through the bearish trendline upwards

An ascending movement up to the next resistance level at 156.981 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 155.651 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which could be a positive chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 156.82374 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of resistance at 156.981 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ chart pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

156.371 – 156.981 – 157.186 – 155.651 – 155.8 – 156.554 —
156.50000 – 156.51400 —
60.731844464754 – 52.547966502307 —
– —
156.37100 – 1764126000

Trading Signals: FOREX – USD – USD/JPY – JPY – Northern Doji – – – – – – – – –